Executive Summary:
I have spent the last two semesters as a TA for the finance 201 course, which is the introductory course for finance for undergrads. The class has about 800-1200 students per semester. Because of the large number of students it is sometimes difficult to get all the students all the help needed. I found that there were a few types of questions that consistently tripped up students and that it would be great to get them some more practice with those problems to solidify concepts, and help review come test and final time.
I used this project as a chance to create a tool that these students could use to get as much practice with these key concepts as they could want. Specifically the types of questions were the following:
1. Time Value of Money (focusing on finding future value, present value, or payment)
2. Two-Stage Gordon Growth Model
3. Weighted Average Cost of Capital
4. Capital Budgeting Problem, featuring WACC, IRR and NPV
The program needed to be able to create a random question of the selected question type. The question had to be presented in the story problem format, and the values needed to vary so that each question was different from other questions generated. The problems also needed to make sense (logical inputs and outputs). The last requirement is that it needed to be set-up so that they could check their answers, and also be able to get help on how to calculate if they had trouble seeing how to come to the correct answer.
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